Managing Risk in Organizations: A Guide for Managers / Edition 1

by J. Davidson Frame

Overview

Managing Risk in Organizations offers a proven framework for handling risks across all types of organizations. In this comprehensive resource, David Frame—a leading expert in risk management—examines the risks routinely encountered in business, offers prescriptions to assess the effects of various risks, and shows how to develop effective strategies to cope with risks. In addition, the book is filled with practical tools and techniques used by professional risk practitioners that can be readily applied by project managers, financial managers, and any manager or consultant who deals with risk within an organization. Managing Risk in Organizations is filled with illustrative case studies and

• Outlines the various types of risk—pure, operational, project, technical, business, and political
• Reveals what risk management can and cannot accomplish
• Shows how to organize risk management efforts to conduct risk assessments, manage crises, and recover from disasters
• Includes a systematic risk management processrisk management planning, risk identification, qualitative impact analysis, quantitative impact analysis, risk response planning, and monitoring control
• Provides quantitative and qualitative tools to identify and handle risks

This much-needed book will enable organizations to take risk seriously and act proactively.

Product Details

ISBN-13:	9780787965181
Publisher:	Wiley
Publication date:	08/04/2003
Series:	Jossey-Bass Business and Management Ser.
Edition description:	1ST
Pages:	288
Product dimensions:	6.10(w) x 9.10(h) x 0.90(d)

About the Author

J. Davidson Frame is Dean of Academic Affairs at the University of Management and Technology (UMT) in Arlington, Virginia. Prior to joining UMT, he established the project management program at George Washington University. He also served as director of the Project Management Certification Program at the Project Management Institute (PMI) and has served on PMI’s board of directors. Frame has authored more than forty articles and seven books, including The New Project Management (2nd edition), Managing Projects in Organizations (3rd edition), and Project Management Competence, all from Jossey-Bass.

Table of Contents

Preface.

About the Author.

1 The Big Picture.

2 Practical Limitations of Risk Management.

3 Organizing to Deal with Risk.

4 Identifying Risk.

5 Assessing Impacts of Risk Events—Qualitative Impact Analysis.

6 Assessing Impacts of Risk Events—Quantitative Analysis.

7 Assessing the Impacts of Risk Events: The Role of Probability and Statistics.

8 Planning to Handle Risk.

9 Monitoring and Controlling Risk.

10 Business Risk.

11 Operational Risks.

12 Project Risk.

13 Conclusions.

References.

Index.

Editorial Reviews

Risk management expert David Frame knows the risks that can effect businesses and has devised a comprehensive way to assess the effects of these risks. Using numerous case studies and a framework for handling risks across many industries, Managing Risk in Organizations offers practical tools and techniques to managers who must assess risk, manage crises, and help companies recover from disasters. Frame offers organizations quantitative and qualitative tools to help them identify and handle the risks they face. Copyright © 2003 Soundview Executive Book Summaries

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